Am I in the right place?

Still waiting on the Full Homo. Hopefully SportsFreak can deliver!

 

All I heard was "wah, wah, wah, Wet Blanket should've done my compliance but I can't afford him, and wah, wah, wah, everything helado has ever told me about investments has been correct and everything I've ever said has been wrong! wah, wah, wah, MINT, MINT, MINT!"

B24 wrote: helado wrote: All I heard was "wah, wah, wah, Wet Blanket should've done my compliance but I can't afford him, and wah, wah, wah, everything helado has ever told me about investments has been correct and everything I've ever said has been wrong! wah, wah, wah, MINT, MINT, MINT!" I don't think I knew Wet 4 years ago when I went RIA. Besides, the bloaks I used weren't any cheaper than Wet (based on what Wet told me). And dude, the All-World All-MINT strategy is fucking LIGHTS OUT!  But you would still both "deliver".

Jeez, I've been a member since 2008 (previous board).  But I wasn't a consultant then.

Yeah, there shouldn't be a day that goes by that you guys don't thank your lucky stars that there were people smart and resourceful enough to launch this place, out of the goodness of their hearts, and do it ad free for however many years. Especially some of the whiny bullshit I've read on here over the years.

I mean, I'm just going by what I've read in old threads because I'm a relatively new member. But seriously, the founders of this board must be totally awesome, we should all be thankful for their greatness.

Redshark wrote: Currently we use a program called Charles River Anywhere. Not sure what they charge, because it's just part of our discretionary trading platform. It allows you to create multiple strategies. So say I have Equity Strategy 1 with 10 stocks and Bond Strategy 1 with 10 ETFs. The I go in and say my Aggressive Portfolio is Equity 1 with a 85% allocation and Bond 1 with a 15% weighting. Then you add other models and assign models to accounts. When you want to make changes to a strategy for example, I go into Equity Strategy 1 and remove JNJ and add MSFT. After the changes are done, I check off all the accounts I want to trade, preview the trades and send them to trading. It's literally about 15 minutes of work to trade 100 accounts across 10 different strategies. That's the easiest set up I have used. The worst is well you just have to calculate how many shares you want to buy or sell for you clients cumulatively and then you have to put that order in as a block trade, and then got back into an accounting system and say client a bought 2 shares, client b bought 5, etc. Sounds like a nightmare to me.

Ice was the fucking man.

Ron14 was the man. No homo.

Yeah, have to agree.

That's cool.
You are effectively managing the sleeves.
If I have 20 accounts in one model, with the same weights , which I do, I can get the scale I need, do one trade across all the accounts, to buy or sell a position.

I've found a workaround.
If I have 10 accounts in say, my Sector ETF equity STRATEGY, but each has a different percent of the account in that strategy, with the rest being bonds, or bond funds, I need to advise the discretionary trading desk to make the bond positions in all those accounts administrative assets only. With that the system only looks at the equity etf positions and I can trade them all at once. But then I need to manage the bond positions individually which is a pain in the ass.